Magnetic Sensors Market

Magnetic Sensors Market Set to Exceed USD USD 4,680.3 million by 2026 | CAGR 8.2% “Magnetic Sensors Market [By Type (Anisotropic MagnetoResistive (AMR) Magnetometer, Giant Magneto Resistance (GMR) Magnetometer, Tunnel Magneto Resistance (TMR) Magnetometer, Hall Effect); By Technology (Low Field Sensor, Earth Field Sensor, Bias Magnetic Field Sensor); By End-user (Automotive, Aerospace & Defense, Consumer Electronics, Healthcare, Energy & Power, Industrial, Others); By Regions]: Market Size & Forecast, 2018 – 2026”

Magnetic Sensors Market Estimate & Forecast to 2026 According to a new study published by Polaris Market Research the global magnetic sensors market is anticipated to reach USD 4,680.3 million by 2026.

The growing acceptance of e-compasses owing to their competence to improve the navigation experience of the users’ is anticipated to mount the application of magnetic sensors in automobiles during the coming years.

Moreover, the implementation of these sensors is rising in consumer electronics application such as smart phones, and tablets, which is expected to propel the opportunities of magnetic sensors in the consumer electronics segments during the forecast period In the end-user segment, for consumer electronics market for magnetic sensors is anticipated to grow at the highest CAGR during the forecast period. This growth is attributed to its wide usage for navigation purpose in smartphones as in the modern day, almost every smartphone is integrated with e-compass. In smartphones, ecompass acts as a digital compass providing positioning of the smartphone concerning Earth’s magnetic field thus, facilitating the smartphone to sense the precise direction.

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Magnetic Sensors Market Scope

By Type

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By Technology

By Region

Report Attributes

Anisotropic Magneto-Resistive

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Low Field Sensor

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Automotive

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North America

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Historic year: 2015-2016

(AMR) Magnetometer

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Earth Field Sensor

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Aerospace & Defense

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Europe

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Base year: 2017

Giant Magneto Resistance

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Bias Magnetic Field Sensor

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Consumer Electronics

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Asia Pacific

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Forecast Year: 2018-2026

(GMR) Magnetometer

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Healthcare

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Latin America Middle East &

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Revenue ((USD Million)

Tunnel Magneto Resistance

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Energy & Power

(TMR) Magnetometer

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Industrial

Hall Effect

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Others

Africa

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Magnetic Sensors Market Estimate & Forecast to 2026 Key Findings from the study suggest Asia Pacific and European region is expected to command the market over the forecast years. APAC is presumed to be the fastest growing market, developing at a CAGR of more than 38% over the forecast period. The magnetic sensors market is presumed to develop at a CAGR of over 8.2% from 2018 to 2026. The consumer electronics and automotive segment is presumed to display the speediest development. The increasing implantation of magnetic sensors in several consumer electronics including budget smartphones, as well as growing demand for smart watches and fitness bands is driving the growth in APAC region.

Major companies profiled in the report include Elmos Semiconductor AG, Baumer Ltd., Honeywell International, Inc., Robert Bosch GmbH, NVE Corporation, Allegro Microsystems, Inc., Infineon Technologies AG, Melexis Corporation, Austria microsystems AG (AMS), and NXP Semiconductors among others. However, the constant decrease in the average selling price of magnetic sensors components is restricting the entry of new players in the market.

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Magnetic Sensors Market Size

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About Us Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to e present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world.

We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Â Web: www.polarismarketresearch.com Official Blog: http://ict-market-research.blogspot.com

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